The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-16
THE STATE OF TRADE.
". q. DUN a CO.'S WEEKLY RE-
vIGw OF BUsINE Ess.
Comparative Statement Of the Ex.
ports-Cottes Decreased
e9,tO0,O0O

New YoRK, July lb,-R. q. Dun 4
% In their weekly review Of trade,
say: Exports Of breadstuHs, cotton,
animals and animal products and
petroleum in June, were So, 2,60s, ,277,
against SIS 8Ss, ,22i for the same month
last year. Breadstuns incr,a ased g..
3c0,C0J aud cattle s27l, ,0OJ. Cotton
decreased 50. 100, 600; provisions $780,.
OC0, aud oil $4,000. With other ,x.
ports as last year, the aggregate for
June would be $50, ,eO0. 900, tgainet
about s5s, 900, 900 imports, making the
excess Of imports for three months
f40,000,000 Cotton held above Tor
eign markets accounts Tor t26 00O, 600
Of this loss, aud recent failures indi.
cate that this speculation was not
wiser than the one In wheat. In.
loading ci those who bought wheat
after Kershaw's failure has depressed
No. 2 red here TO ssic, fall OF over
&c for the week, and 24io since June
30th. With exports Of l63,6i0,.
600 for the past year, tho stock carried
over includes "a. 100000 "visible sup
ply;" 5000, 900 bushels In California
and certainly 10000 900 In iarmsn'
hands, besides oil q Iur on h ,ad facts
which establish the correctness Of esiI.
mates made months ago tba, the sur-
plus would exceed 100000 bushels.
In tpl,e Of railroad earnings, which
gained 10 per cent. In June, aud encour-
ssipg assurance by prominent men
and continued proof that the inter
state set 10 not TO bs 30 oonsti ued by
courts as 10 do all the harm sppre.
hended, prices q atccks have 1cen
lower. The market d,psuds cot upon
valuesor earnings, but upon individual
noiions az TO the qur,tlon whether
the famous "lyee deal" Ia merely un.
dealt or misdeal. II IL the case OF
a long row Of bricke on end n one
banker calls doubtful loan be fears
that IL will cause other cal q aud q top
pling over oil along .lhs line. 81 every.
body waits iof the market,
and the market waIts for
long promised 'settlemsnts" TO
mAtsrialEa Why investors are not
buying, statisti g Of new builds and
real estate sales may explain. II
the country In six months invested
800, ,0000s0 In new buildings, $780,.
000, 900 more In developing Southern
manufactures ard mines, besides cos,
OF bulldlnge, and as much more In tho
reet OF the county aud fle0, ,0O0, ,00e In
new railroad building. II cannot have
an unlimited sum ready 10 employ In
lifting prices Of securities. Tho cash
outside Tiea,ury and banks with the
deposits, amounted TO a., ,l62, ,OC0, 900 q
year ago, or f35 20 per cspits, and now
amounts 10 81. .326, ,000, 900, or t37 20 per
capita. Present prices OF stock, lees
arse sments psid, arc about 3 per cent.
higher than q year ago.
Pork 10 SO per ceIt higher, cotton 10
per cent. higher. coffee 9S per cent.
higher, pig iron ~ per cent. higher,
stee' rails 10 per cent. higher, wh,a,
per cent. lower, corn per cent lover,
and beei l3 per cent 10 yer.
From all interior points trade TO
ports are favorable, considering the
reason, and collections fair. Money is
n tiile easier al Nashville, In good de. |
mand al Cleveland and plenty al Kan.
tas City and Detroit Unuiual activity
In tobacco Ia noted at Cincinnati. A
syndicate ls said 10 have bought O..
300 coo, q third Of KsDtucky's "blue
grass crop" Iron 10 stronger. The
New York statement Of iron
production Ia 10000 tons leae for
The half Jen thsn tho Pitts.
burg account, which would n AXE the
bali yaar's consumption Oi domestic
and Imported iron and steel, 4, ,25s 900
Ions, against 3,3l6 600 tons for tho fmt
hall oil 1885. Some etflngency at
Western points Affects prices Of wool.
Wool trico,s are much depressed, a
Iale Of 2SO0 pieces being noted at 42i
cents, against 80 cents last yesr, and
Dne house oDen8 light weight chevio,s
4 il26, witch we're reduced % 81 81
act year. In the cotton bfanch, dry
FOODS prices are we'll maintained. The
business failure, durlrg the lsst seven
iaysi Number for tbs Unittd Staiee,
Iis; for Canada, 80; total, i70; com.
Jared with 1859 last week, aud 1888 for
ba eorraanondin0 wa.k nI la.t yaaY